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Question: What does the term "millibit" mean to you today?
0.001 BTC - 18 (64.3%)
0.001 bits (10th of a satoshi) - 5 (17.9%)
Other/Unknown/Ambiguous/Nonsensical - 5 (17.9%)
Total Voters: 28

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Author Topic: What is a millibit?  (Read 3771 times)
keber
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October 27, 2014, 12:00:04 PM
 #21

i think it will be 0.001 BTC

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October 27, 2014, 12:13:14 PM
 #22

0.001 BTC is appropriate.

teukon
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October 27, 2014, 10:14:56 PM
 #23

Who made millibit an official term?

"millibit" is not an official term.  I simply ask what "millibit" means, if anything, to the bitcoiners which visit this thread.  I'm neither endorsing nor attacking the term "millibit".
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October 27, 2014, 10:29:11 PM
 #24

exactly 100000 satoshis, or 100k sat for the purists Roll Eyes, I think Huh

money is faster...
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October 27, 2014, 10:30:13 PM
 #25

0.001 BTC
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October 28, 2014, 05:03:00 AM
 #26

0.001 BTC

So we shouldnt use satoshi no more?

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October 29, 2014, 02:09:11 PM
 #27

0.001 btc
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October 29, 2014, 11:17:48 PM
 #28

Is that like a

Saying that you don't trust someone because of their behavior is completely valid.
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October 29, 2014, 11:28:30 PM
 #29

Is that like a


Actually, I think milli-bitcoin (not millibit) is pretty much the future

BTC ? Okay.

mBTC ? Okay, 0.001 BTC

Satoshi ? Okay, the smallest unit.

mBTC will likely become extremely dominant. Near the 1000$ phase of BTC, mBTC were convenient as they had parity with the dollar.
Using decimal places will not stay forever, mBTC is easier to use. Why mBTC and not Bitcent, Bit, kiloSatoshi or whatever crap? Well, I'd attribute it to the fact that mBTC could be considered more of a unit, under which transactions rarely occur. It's not too big that you need to use decimal places too often, nor too small that you would need to talk in hundreds.

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pitham1
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October 30, 2014, 01:04:34 AM
 #30

We should just use the metric system and be done with it.

KBTC = 10^3BTC
mBTC = 10^-3 BTC
uBTC = 10^-6 BTC

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October 30, 2014, 01:41:51 AM
 #31

Ok, it's been a week so I'll lock the poll now.

Thanks for the info everyone.
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October 30, 2014, 01:51:30 AM
 #32

why every one prefer 0.001BTC in terms of millibit? Huh
i think it's 1BTC
fa
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October 30, 2014, 02:17:05 AM
 #33

I think millibit is confusing. mBTC, or mSatoshi should distinguish these concepts better.
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October 30, 2014, 03:12:18 AM
 #34

Ha! almost mistaken for "multibit"  and I was gonna paste in the URL and introduction Shocked Shocked Too bad English is not my native language.
Zhan21
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October 30, 2014, 08:29:47 AM
 #35

millibit = 0.001 BTC
it is simple
SideShow
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October 30, 2014, 08:48:23 AM
 #36

mBTC= 0.001 BTC
I'm a little late to vote in the pool but add my vote to the first choice lol.
david wilson
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October 30, 2014, 08:53:38 AM
 #37

One thousand (1000) milliBits refers to 1 bitcoin or 1 BTC
Hiraga
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October 30, 2014, 09:56:10 AM
 #38

1,000 Sat is 1 kSat

teukon
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October 30, 2014, 10:09:21 AM
 #39

I think millibit is confusing. mBTC, or mSatoshi should distinguish these concepts better.

Perhaps you mean decisatoshi (dSAT) or nanobitcoin (nBTC).

Anyway, I'm not worried about distinguishing these concepts.  I'm just want an idea of the communities current understanding of the term "millibit" in light of the presently fashionable term "bit".  I honestly thought I'd see more votes for "Other/Unknown/Ambiguous/Nonsensical".
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October 30, 2014, 11:49:15 AM
 #40

0.001 btc no ?
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